July 28, 2021
Inflation might be sneaking past you
By Mark C. Ross
How strange it is that after and during so many disruptions to "normal" economic activity...we are still being told by official "experts" that whatever flashes of inflation we are noticing will mostly just be temporary. Not to worry. Right?
Well, it's happened before — that the political establishment bought its re-election with borrowed money — over and over again. Debtor governments are the primary beneficiaries of inflation, since they get to pay off their creditors with devalued money. Most everybody else gets screwed.
At the risk of stating the obvious, there are basically two kinds of inflation. The first is known as demand inflation, where either a shortage of or a sudden increase in demand for a commodity pushes up the price. Demand inflation does tend to be temporary as production is increased to, again, meet demand. The other kind of inflation is caused by the devaluation of money. Not only do the prices of all commodities go up, but all consumers are harmed in the process.
more
https://www.americanthinker.com/blog/2021/07/inflation_might_be_sneaking_past_you.html
